Foxconn begins iPhone 16 Pro, Pro Max production in India; Costs fall 10%

In a move to diversify its manufacturing operations, Apple Inc is set to commence production of its high-end iPhone 16 Pro and Pro Max models in India, a year after introducing India-made iPhone 15 models.

The production in India is expected to bring down costs for the smartphone manufacturer by 10 per cent. However, due to taxes and component costs, the retail price of the devices may remain the same, according to a report by The Economic Times.